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tyleradammcdonald T

1 reviews | Active since Sept 2012

13 Mar 2024, 11:23

Standard Bank revolving credit with holding funds

Do not open a revolving credit facility with Standard Bank

They do not keep thier word

The app states pay amounts in order to have funds available

When you do so they funds are not made available

When you put agreements in place they do not adhere to agreements

This is designed to have you pay more than is required and hold you money

Point in case not only does the app state pay 45000 to release 450000

I made a payment of 45000 then app told me to pay a further 14000 over and above to release 45000

A day later the app tells me to pay 450000 to release 450000

This is disgraceful

They now call me saying the facility will only release funds after 3 months

It’s absolutely disgusting business ethic

0
Replies (7)
Standard Bank
Standard Bank's reply13 Mar 2024, 11:30
Official
Dear Tyler, 

Thank you for bringing this issue to our attention. As Standard Bank, we are committed to providing you with the best possible service and will ensure that this issue is taken care of. 

We sincerely apologize for any inconvenience or unwarranted frustration this has given you. 

Kindest regards, 
Standard Bank Hello Peter Team 
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tyleradammcdonald T's update14 Mar 2024, 13:07
Reviewer Update
This needs to be addressed I paid 23k over what was owed and it’s being withheld from me even though the app and the consultants stated the revolving facility was open

I need that 23k given back
Standard Bank
Standard Bank's reply14 Mar 2024, 13:42
Official
Good day Tyler

The matter is being treated as a priority and our team is ensuring that it is resolved timeously . 

We will revert with feedback as soon as possible . 

We appreciate your patience. 

Kindest regards 
Standard Bank Hello Peter Team 
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tyleradammcdonald T's update15 Mar 2024, 09:09
Reviewer Update
I Need that money paid back to me

You going back on your word has put me in a situation

I’m going to take you to the ombudsman if this is not addressed

This has been not corrected for a week now

It’s not acceptable
Standard Bank
Standard Bank's reply15 Mar 2024, 09:53
Official
Dear Tyler

 We appreciate your follow-up post.

With our team, we have followed up.

We will contact you with further feedback.

Kindest regards 
Standard Bank Hello Peter Team 
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tyleradammcdonald T's update15 Mar 2024, 17:33
Reviewer Update
I will be closing all accounts

Over 20 years of holding an account

And yet I’m subjected to this kind of service

TIME TO LEAVE



Standard Bank
Standard Bank's reply15 Mar 2024, 18:30
Official
Dear Tyler

We sincerely apologize for the way you feel.

With further business, we intend to improve our services.

Enjoy your wonderful evening. 

Kindest regards 
Standard Bank Hello Peter Team 
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